Money, Wealth & Power—A Daily Look at the Financial World
AT&T’s top executive is trying to rewrite the story of his own culture reset. After months of internal backlash over a blunt return-to-office push and a leaked memo that ricocheted across social media, the company’s leader is now conceding he mishandled parts of the campaign to change how people work, while insisting the most controversial…
The people who work closest to the president help shape everything from foreign policy to the wording of a State of the Union, and their paychecks reflect just how valuable that work is considered inside the West Wing. The highest earners on the White House payroll now take home salaries that rival top posts in…
President Donald Trump has been touting what he calls an “A+++++” economy, casting the current expansion as a historic triumph that voters simply fail to appreciate. Economist Paul Krugman is not buying it, arguing that the headline numbers mask deeper fragilities and that the self-congratulatory grading ignores who is actually feeling the strain. In a…
JPMorgan Chase is spending like a top-tier tech company as much as a bank, lifting its technology budget to a record level in a bid to hardwire artificial intelligence into everything from trading to customer service. The scale of that investment is reshaping how the largest U.S. bank competes, how it hires, and how it…
Donald Trump has claimed that China stopped buying American soybeans during Joe Biden’s presidency, casting himself as the only leader who could reopen that market. The trade data tell a very different story, showing steady Chinese demand and, in key years, larger shipments under Biden than during Trump’s first term. The gap between the rhetoric…
Amazon’s decision to walk away from a $400 million logistics hub in Arkansas has abruptly erased 4,100 promised and existing jobs, turning what was billed as a marquee investment into a cautionary tale about flawed design and fragile growth. The company is not just closing a warehouse, it is unwinding a regional strategy that had…
Federal agents have quietly pulled off one of the largest financial seizures in American history, taking control of roughly 15 billion dollars in bitcoin tied to a sprawling “pig butchering” investment scam. The case exposes how industrial scale fraudsters used romance hooks, fake trading apps, and trafficked workers in Southeast Asia to bleed victims dry,…
The sudden collapse of an 88-year-old Southern cafeteria chain has turned what should be a season of comfort into a scramble for paychecks and answers. Thousands of workers now face holiday layoffs, while longtime customers are processing the loss of a regional institution that fed generations at modest prices. The chain’s abrupt shutdown is more…
The latest private payroll figures show a sharp reversal in hiring, with companies cutting 32,000 jobs in November, the steepest pullback in the sector since 2023. The drop, driven heavily by small employers, signals that the long stretch of resilient job growth is giving way to a more fragile phase in the labor market. Instead…
Amazon’s warehouse network is racing toward a future in which fleets of machines handle much of the lifting, sorting, and shuttling that once fell to human workers, and internal projections suggest that as many as 600,000 roles could eventually be automated away. Yet one of the most influential investors in modern capitalism, Warren Buffett, keeps…